answers rated A+ 2025/2026
Strategy - correct answer ✔strategy is the quest to gain and sustain a competitive advantage.
a theory about how to compete successfully
A good strategy depends on: - correct answer ✔-the external environment within which it operates
-the internal resources and capabilities
-economic logic of how firms create and capture value
What IS NOT strategy? - correct answer ✔Tactics or maneuvers
-Marketing campaign
-Pricing changes
-Replacing old equipment
Operational effectiveness
-Having efficient processes
-Good morale/ teambuilding
An easily reversible action
What is counterfactual thinking? - correct answer ✔The counterfactual is the other outcome: what
would have happened if you made the other choice.
CAUSAL RELATONSHIPS/ DIagrams SESSION3 - correct answer ✔
What is a node? - correct answer ✔a box